Application Of Family Trust In The Inheritance Of Family Wealth In China

For rich families,various financial instruments can be chose.Compared with other financial instruments,family trusts have their own advantages.First,family trusts can help family heirs maintain long-term control over family businesses when they inherit family wealth.Most family-owned business managers want to maintain the family's control of the company's equity.Obviously,family trust fund is an ideal tool.Based on the establishment of family trusts,the executive of the family property could turn over the family assets to professional personnel,which can help maintain the integrity of all family assets.At the same time,it can avoid the phenomenon of family wealth outflow caused by illegal factors and maintain the stability of family wealth.Most financial instruments can hardly achieve this.Although the family trust is still a new thing at home,it has already developed very well abroad.For example,many celebrities such as the Rockefeller and Kennedy families have realized the perpetual succession of wealth through the transfer of property to family trusts,which can protect the benefits of future generations and the centralized management of assets.In 2000,Bill Gates,the richest man in the world,set up the Bill & Melinda Gates Foundation and transferred his own and his wife's assets into family trusts in succession,taking advantage of the commercial mode of operation in the management and application of trust fund.At present,the scale of the domestic family trust business institutions and assets is rapidly developing,and the family trust business will also become a new blue ocean in the wealth management field in the future.Therefore,how the family trust has played a greater role in family wealth management in the new economic environment has also become the topic of this research.This article first elaborates the research background and significance of the trust,relevant theoretical concepts of trusts and family trusts,and relevant domestic and foreign research results,so that readers have a preliminary understanding of trusts and family trusts,and then through the family trust development process at home and abroad and family trusts and other The comparative analysis of financial instruments and the analysis of the difficulties faced by our country's family trusts: the ambiguity of family trust property ownership,the unreasonable family trust property registration system,the excessively monolithic family trust property,and the legal loopholes in the operation of the family trust trust system reason.Based on the experiences offamily trust success cases at home and abroad,some measures to get rid of the difficulties of family trust in China are proposed.